Pride Houston® By-Laws 11.03.2015 | Page 16

Pride Houston ® By -­‐ Laws Voted in November 03 , 2015
persons transacting business with the Corporation . The Corporation shall not borrow money from or otherwise transact business with a director , officer , or committee member of the Corporation unless the transaction is described fully in a legally binding instrument and is in the best interest of the Corporation . The Corporation shall not borrow money from or otherwise transact business with a director , officer , or committee member of the Corporation without full disclosure of all relevant facts and without the approval of the Board of Directors not including the vote of any person having a personal interest in the transaction .
ARTICLE 10 . – BOOKS AND RECORDS
10.01 Required Books and Records The Corporation shall keep correct and complete books and records of accounts . The Corporation ’ s books and records shall include : a . A file -­‐ endorsed copy of all documents filed with the Texas Secretary of State relating to the Corporation , including , but not limited to , the articles of incorporation , and any articles of amendment , restated articles , articles of merger , articles of consolidation , and statement of change of registered office or registered agent . b . A copy of the bylaws , and any amended versions or amendments to the bylaws . c . Minutes of the proceedings of the Board of Directors , and committees having any of the authority of the
Board of Directors . d . A list of the names and addresses of the directors , officers , and any committee members of the
Corporation . e . A financial statement showing the assets , liabilities , and net worth of the Corporation at the end of the three most recent fiscal years . f . A financial statement showing the income and expenses of the Corporation for the three most recent fiscal years . g . All rulings , letters and other documents relating to the Corporation ’ s federal , state , and local tax status . h . The Corporation ’ s federal , state , and local information or income tax returns for each of the Corporation ’ s five most recent fiscal years .
10.02 Inspection and Copying of Business Records Any voting director or officer of the Corporation may inspect and receive copies of all books and records of the Corporation required to be kept by the bylaws . Such a person may inspect or receive copies if the person has a proper purpose related to the person ’ s interest in the Corporation and if the person submits a request in writing . Any person entitled to inspect and copy the Corporation ’ s books and records may do so through his or her attorney or other duly authorized representative . A person entitled to inspect the Corporation ’ s books and record may do so at a reasonable time no later than seven working days after the Corporation ’ s receipt of a proper written request . The Board of Directors may establish reasonable fees for copying the Corporation ’ s books and records . The fees may cover the cost of materials and labor , but may not exceed $ 1.00 per page . The Corporation shall provide requested copies of books or records no later than thirty working days after the Corporation ’ s receipt of a proper written request .
10.03 Inspection and Copying of Financial Records The corporation shall make the IRS Tax Form 990 available to the public for inspection and copying at the corporation ’ s registered or principal office during regular business hours . The corporation may charge a reasonable fee for preparing a copy of a record or report .
ARTICLE 11 . – FISCAL YEAR
11.01 Fiscal Year The fiscal year of the Corporation shall begin on the first day of each September and end on the last day in August the following calendar year .
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